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All UAB property is considered by the State of Alabama to be State property. Therefore, it is rare to transfer ownership of property unless certain conditions require UAB to relinquish the property in question. This policy outlines those conditions and procedures for transferring the ownership of UAB property.

This policy defines capital equipment for the hospital. The item must have an individual cost of $2000 or more and have a useful life of one or more years, provided sufficient individuality and size exists to make control feasible. Major computer software is inventoried when its cost is $5000 or greater.